January 12, 2017
The Bank of New York Mellon Corporation
SANCTION AMOUNT: $6,600,000
Defendants: The Bank of New York Mellon Corporation
The SEC found that BNY Mellon deviated from regulatory capital rules and understated its risk-weighted assets (excluding approximately $14 billion in collateralized loan obligations), thus overstating risk-based capital ratios in quarterly and annual reports from the third quarter of 2010 to the first quarter of 2014.
- Key Docs
- Official SEC press release